Foreign Direct Investment and Stock market Development: Ghana’s Evidence

Using multivariate cointegration and error correction model, this paper examines the impact of Foreign Direct Investment (FDI) on the stock market development in Ghana. Our results indicate that there exists a long-run relationship between FDI, nominal exchange rate and stock market development in Ghana. We find that a shock to FDI significantly influence the development of stock market in Ghana.

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Year of publication:	2008
Authors:	Adam, Anokye M. ; Tweneboah, George
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Keywords:	Foreign Direct Investment and Stock market Development: Ghana’s Evidence

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	F20 - International Factor Movements and International Business. General ; C50 - Econometric Modeling. General ; A11 - Role of Economics; Role of Economists; Market for Economists
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005621432